Oct
05
Historic Office Building Trades in Downtown Atlanta
ByThe new ownership will embark on an extensive improvement program meant to modernize the assets features including elevators, roof and safety systems.
Kramer Real Estate Investments acquired the W.D. Grant Building, a 135,000-square-foot office property in downtown Atlanta, listed on the National Register of Historic Places. The new ownership selected JLL to handle the leasing, management and restoration of the property.
The Denver-based company purchased the asset in a joint venture partnership with H2 Capital in a $7.9 million deal, public records show. An entity affiliated with Ready Capital Structured Finance facilitated the transaction through $10.4 million in acquisition financing set to mature in October 2020…
